The analysts forecast the global GPS bike computers market to grow at a CAGR of 6.7% during the period 2018-2022.
A GPS bike computer is a navigation device that can be mounted on the handlebars of a bicycle. This cycling computer receives satellite signals through GPS and helps users to monitor their rides and track their cycling performance. It also tracks the users progress on the road and helps them create new routes or follow a pre-planned route and view the progress in real time.
One trend in the market is introduction of GPS bike computers with analog display and digital data collection. Consumers are steadily using bicycles for commuting and participating in cycling sports and events, due to the growing health consciousness globally. This is driving the need for bike computers that are cost-effective, easy to use, and uniquely designed.
One driver in the market is growing adoption of smart cycling products. Owing to the growing health-consciousness and integration of smart wearable devices by the consumers, vendors are being encouraged to develop innovative products. One of the key vendors has offered a combination of enhanced navigation and performance and cycling awareness, supported with a lightweight design.
The report states that one challenge in the market is declining bicycle use due to rising pollution levels. The air quality across the globe has declined over the years, which has exposed people to various health problems such as frequent headaches, lung cancer, heart problems, strokes, and chronic, acute respiratory diseases such as asthma.
- Polar Electro
Key Topics Covered:
1: Executive Summary
2: Scope Of The Report
3: Research Methodology
4: Market Landscape
5: Market Sizing
6: Five Forces Analysis
7: Market Segmentation By Price Range
8: Market Segmentation By Distribution Channels
9: Market Segmentation By Product
10: Customer Landscape
11: Market Segmentation By Application
12: Regional Landscape
13: Decision Framework
14: Drivers And Challenges
15: Market Trends
16: Vendor Landscape
17: Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/6fpzfh/global_gps_bike?w=4